SOURCE: 360training

August 24, 2006 09:00 ET

360training Recognized as One of Texas' Fastest Growing Technology Companies in Deloitte Fast 50 Program With 3,829 Percent Five Year Growth Rate

AUSTIN, TX -- (MARKET WIRE) -- August 24, 2006 -- 360training has been recognized as one of the fastest growing technology companies in the 2006 Technology Fast 50 Program for Texas by Deloitte & Touche USA LLP. The Technology Fast 50 is a ranking of the 50 fastest growing technology, media, telecommunications and life sciences companies located in Texas by revenue growth over five years.

"Deloitte's Texas Technology Fast 50 companies have shown the strength, vision and tenacity to succeed in today's very competitive technology environment," said Skip Moore, Regional Managing Partner, Technology, Media & Telecommunications, Deloitte & Touche LLP.

Austin-based 360training delivers occupational e-learning and certification courses to millions of users worldwide through an online learning network of over 1,000 strategic distribution partners and web properties. The company experienced a growth rate of 3,829 percent over the last 5 years, resulting in a 6th place ranking on this year's Fast 50 list, joining 18 fellow Austin-based companies.

Ed Sattar, CEO of 360training, accredits the firm's hyper-growth to the 'invisible hand' culture of the workforce, stating, "It's all about having the right people on the right seat on the right bus, being yourself and taking risks -- no role play. Without that mindset, no business model or product, no matter how great, will reach full potential."

Unique to 360training's 5-year growth track was operating without debt or venture backing, and instead leveraging aggressive re-investment of initial revenues. The company continues to utilize this organic growth model and has recently incorporated an acquisition strategy, targeting boutique firms in complementary markets to meet the demands of the current customer base in the industries it serves.

For more information on the Deloitte & Touche Technology Fast 50 or Technology Fast 500 programs, visit www.fast500.com. For more information about 360training, visit www.360training.com.

About 360training

Headquartered in Austin, Texas, 360training services reach over a million learners through an integrated technology, content and services strategy. 360training helps organizations and individuals successfully manage their career, compliance and certification requirements in a wide variety of industries. Key customers include organizations such as Guaranty Bank, IBC, LandAmerica Financial, Trammell Crow Company, Centex Homes, Duke Energy and more. For more information, visit www.360training.com.